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Simora [160]
3 years ago
7

What is the great advantage of competitive markets?

Business
1 answer:
andrew11 [14]3 years ago
6 0
Prices are very cheap
You might be interested in
What are the compromises when crating the constitution
Anettt [7]

Answer:

The three major compromises were the Great Compromise, the Three-Fifths Compromise, and the Electoral College. The Great Compromise settled matters of representation in the federal government.

it should be right if not sorry

.

6 0
3 years ago
For long-term contracts, the cost recovery method under IFRS requires recognizing equal amounts of revenue and cost until all co
Sav [38]

Answer:

The answer is letter A. TRUE

Explanation:

Because under IFRS firms tipically use the cost recovery method iif they conclude that the percentage of completion method is not appropriate to account for a long term contract.

8 0
3 years ago
A schedule or curve that shows the various combinations of two products a consumer can purchase with a specific amount of money
RoseWind [281]

Answer:

budget line

Explanation:

A budget line is a graphical representation that shows all the possible combination of how two products that can be consumed at different prices with a given income. The budget line is downward sloping with the gradient of the slope reflecting the two prices.

A budget line assists in understanding consumer choices and behavior. A budget line may shift due to changes in the consumer's income. It shifts to the left when income decreases and shifts to the right when income increase.

6 0
3 years ago
The Bank of Key West is not going to have enough reserves at the end of the business day to meet its reserve requirement of 10%.
CaHeK987 [17]

Answer:

(a) The federal fund rate is the rate at which banks borrows funds from the other banks. So, the federal fund rate in this situation is 0.25%. This is normally applicable for the creditworthy organizations. It is set by the federal open market control. Open market operations is used by the federal bank to control the money supply in an economy and to set the federal fund rate.

(b) The discount is the rate at which banks borrows form the federal reserves account. In the current scenario, the discount rate is 1.15%. It is generally higher than the federal funds rate.

4 0
3 years ago
Zippy had cash inflows from operations of $78,500; cash outflows from investing activities of $63,000; and cash inflows from fin
Semmy [17]

Answer:

Net change in cash $56,500

Explanation:

The computation of the net change in cash is shown below;

cash inflows from operations $78,500

cash outflows from investing activities -$63,000

cash inflows from the financing $41,000

Net change in cash $56,500

We simply added the cash inflows and deduct the cash outflows so the net change in cash could come

3 0
2 years ago
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